Best Free Scalper EA
Best Free Scalper EA is One of The Most Successful Free Expert Advisor
The logic is very simple but effective - the EA uses breakouts of the Bollinger Bands for entry and exit signals. By our opinion the Bollinger Bands is the best technical indicator ever created - Thank you Mr. John Bollinger! During the years we've tried many other indicators and strategies but the Bollinger Bands has proven itself as the best indicator for scalping the market volatility.
Reasonable stop loss levels varies between 20 and 60 pips. You can use small fixed TP between 4-8 pips, or leave the exit logic to take care of the position.
The exit logic is also based on the BB indicator and it will close the trade even on a loss when the price is near or breaks the opposite BB line. This is commanded by the "BandBreakExit" parameter which works best from minus one to plus one-two.
The EA has high spread protection - this is crucial, because if you use limit orders as example you can't control this and you will take some trades with 10 or even 20 pips spread - one such trade will erase the average profit from 10 good trade as the best average expectancy of this type of trading is 2-3 pips in the best case. This is why we are not using limit orders.
Here are some optimization advises:
And now the fun part: By using this EA, you acknowledge that you are familiar with all risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.
BF Scalper EA Settings
Here are the Best Free Scalper EA parameters
NOTE: Some of the parameters described in this section can be hidden or locked(disabled) in the free version. They are unlocked and available in the PRO version. For a complete list of parameters and functions, please check the BF Scalper PRO: https://www.fxautomater.com/forex-robots/bf-scalper-pro
Best Free Scalper EA Backtest Result
Below you can check the backtest result of our forex robot - BF Scalper - on the following currency pairs EURUSD, USDCAD, EURCHF, USDJPY, GBPCAD, GBPUSD, USDCHF
.Set Files For Each Supported Currency Pairs
The default settings of Best Free Scalper EA are optimized for GBPUSD currency pairs. Below you can find invidual .set files for other supported currency pairs. If you want to use the robot on other pairs please download the .set files from below list and load them correctly in the robot settings.
If you use the automatic installer of BF Scalper EA all the .set files will be automatically installed in your MT4 terminal. In this case you don't need to download them manually.
BF Scalper EA is COMPATIBLE WITH MAC OS and Windows OS!
BF Scalper EA is compatible with the most well known and used Operating Systems Mac OS + Windows OS. Our developers have been working very hard to adapt BF Scalper EA to be compatible with all popular Operating Systems. Mac OS and Windows are the most popular OS around the world and therefore we have developed BF Scalper EA to be compatible with them.